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La Lumiere 2 Group
In this Group: Yannick, Mireille, Gisele, Daniel, Felicite
Yannick, aged 38, is a single mother with a 15-year-old child. She also provides for her father. Yannick is representing the La Lumiere 2 group. She owns a small restaurant. She has been operating this business for over 15 years. She will use the loan to buy chicken, fish, oil, and charcoal. Her business strategy is to offer good customer service. She is friendly and welcoming to all of her customers.

Yannick has received 1 previous loan from Kiva's partner, HOPE Congo. She has a good repayment record. She dreams of opening a shop and traveling abroad. She hopes her daughter will be able to study abroad after she graduates from high school. She will provide what she can to help her daughter.

Additional Information

More information about this loan


Important Information

About HOPE Congo S.A.: HOPE Congo S.A. is a start-up microfinance institution located in Brazzaville, Republic of the Congo. As of 2009, the Republic of the Congo was the 136th-ranked country in the United Nations Development Programme’s Human Development Index. The average life expectancy is in the low 50s and food insecurity poses a constant threat to ordinary people’s well-being. Through the creation of community banks, HOPE Congo provides credit, savings, and training for entrepreneurs in Brazzaville. With their services, they aim to nourish a culture of saving and an independent community of responsible and self-sustaining entrepreneurs.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Congo (Rep.)

  • $2,250
    Average annual income
  • 2
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,281,600
    Funds lent in using Kiva
  • 523.6
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of La Lumiere 2 Group's $4,775 loan helped a member buy food and charcoal for her restaurant.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 28, 2012
Listed
Jul 9, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013